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Media Releases

AMP Capital’s Community Infrastructure Fund secures additional stake in the Royal Adelaide Hospital

By AMP Capital media team

AMP Capital’s Community Infrastructure Fund secures additional stake in the Royal Adelaide Hospital

AMP Capital has successfully acquired an additional 9.95 per cent in the Royal Adelaide Hospital (RAH) on behalf of investors in its Community Infrastructure Fund (CommIF), taking its total interest in the facility to 27.21 per cent.

The acquisition reached financial close on 23 July 2021 and follows the recently completed $2.2 billion refinancing of the PPP.

The 800-bed RAH, delivered as a Public-Private Partnership with the South Australian Government, is one of Australia's most advanced hospitals and energy-efficient medical facilities. The hospital is operated by SA Health and combines clinical services, training and research facilities to deliver high quality and complex patient care.

CommIF Portfolio Manager Charles Savage said: "We are delighted to increase our stake in this landmark facility. The hospital is the state's centre for major emergencies and management of the ongoing global pandemic, providing an essential service to its community. It is a great fit for the CommIF portfolio.

"CommIF investments have helped develop and support critical health infrastructure across Australia including the Royal North Shore Hospital and Victorian Comprehensive Cancer Centre while delivering robust returns for investors.

"We are extremely proud of our ability to partner with all stakeholders to deliver high-quality health infrastructure to the community while serving the needs of our investors,” Mr Savage said.

AMP Capital Managing Director – Origination Scott Markwick said: "The acquisition continues CommIF's successful strategy of acquiring interests in high-quality assets and follows the Royal Adelaide Hospital PPP's successful $2.2 billion refinancing last week."

The $2.2 billion refinancing was the world’s largest Sustainability Loan in the healthcare sector, and the largest project finance Green and Sustainability Loan in Australia. Sustainability loans are issued by governments, organisations, and companies to exclusively finance environmental and climate projects; and those that offer strong social benefits.

AMP Capital was advised on its additional stake by Minter Ellison and PwC.

CommIF invests in high-yield, brownfield, social infrastructure PPP assets in Australia and New Zealand in sectors such as education, health, justice, water, transport, community housing and recreational facilities. The fund now has 18 assets worth more than A$5.8 billion (on a pro-rata ownership basis).

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Lara Evans 
Mobile: +61 419 226 449
Email:  lara.evans@ampcapital.com

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While every care has been taken in the preparation of this document, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) makes no representation or warranty as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. Neither AMP Capital nor any company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this document This document has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. An investor should, before making any investment decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. This document is not intended to be and does not constitute financial advice nor a recommendation to subscribe for or purchase any investment by any person in any jurisdiction nor does it constitute an offer, solicitation or invitation to subscribe or purchase any investment in any jurisdiction where it would be contrary to the laws, regulations or directives in force or applicable in such jurisdiction.

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